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TISAX Assessments and your Suppliers

TISAX Consultancy Services for Automotive Manufacturers and Suppliers

In the fast-paced world of business, safeguarding sensitive information is crucial. Whether you’re a budding entrepreneur or part of an established company, you must ensure robust information security practices. It isn’t just a choice—it’s a necessity. Let’s dive into TISAX (Trusted Information Security Assessment Exchange), a framework designed specifically for the automotive industry. But what does it mean for your suppliers? Let’s break it down.

What Is TISAX?

TISAX isn’t just a fancy acronym—it’s your ticket to proving that your information security management system (ISMS) is top-notch. Here’s the lowdown:

  1. Why TISAX Matters for Suppliers:
    • Partner Requests: If you’re a supplier, chances are one of your partners will ask you to prove your information security management. They want to ensure it complies with a defined level. This must be according to the requirements of the “Information Security Assessment” (ISA).
    • Anticipate Before They Ask: Even if a partner hasn’t asked yet, being TISAX-certified gives you an edge. It shows your commitment to security before anyone even raises the question.
  2. The Cost Breakdown:
    • Audit Fees: The audit itself is the smallest part of your TISAX budget. It costs around €400 according to the ENX price list.
    • Consultancy Costs: If you need compliance experts to guide you through the process, factor in their fees.
    • Implementation Expenses: Implementing the required controls may involve costs like staff training or technology upgrades.
  3. Registration Fee: There’s a mandatory registration fee of about €500. Think of it as your entry ticket to the TISAX party.

How to Keep Costs in Check

  1. Plan Ahead: Understand your company’s size and the extent of the audit needed. This will help you estimate costs accurately.
  2. Collaborate: Involve your team. They’re your best source of improvement ideas, and their input can save you money.
  3. Learn from Others: Check out assessment results of other TISAX participants. It’s like peeking at someone else’s recipe book without stealing their secrets.

Remember, TISAX certification isn’t just about costs—it’s about securing your business recipe for success!

For more detailed information, visit the TISAX website

For more information on how we can assist, click the link below

TISAX Page